OLENOX INDUSTRIES INC. (OLOX): debt financing — Safe & Green issues $267K convertible note to Generating Alpha at 20% OID, 15% interest

OLENOX INDUSTRIES INC.

Net proceeds $213,600; original issue discount of $53,400 (20% of face).
Interest at 15% p.a.; first 12 months' interest ($40,050) earned upfront.
Monthly payments of $30,705 from July 2025 to April 2026.
Post-default conversion price floor of $0.52; optional redemption at 110%.
Company restricted from paying dividends or repurchasing stock without lender consent.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OLENOX INDUSTRIES INC. incurred loan of $267,000 with Generating Alpha Ltd. at fifteen percent (15%) per annum maturing April 6, 2026.

Instrument: loan
Principal: $267,000
Counterparty: Generating Alpha Ltd.
Rate: fifteen percent (15%) per annum
Maturity: April 6, 2026
Event: incurrence

Exact text from the filing

On April 11, 2025 (the “Issue Date”), Safe & Green Holdings Corp. (the “Company”) executed and issued a Promissory Note (“Note”) in favor of Generating Alpha Ltd. (the “Lender”) in the aggregate principal amount of $267,000 (the “Principal”)

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114 debt financings filed in the last 30 days. Browse all debt financings →

OLENOX INDUSTRIES INC. filing history →

Source: SEC EDGAR

accession 0001213900-25-032675

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